New Business Financing Option
I wanted to let all know that earlier this week we opened FundingCommunity.com up to borrowers looking for small business loans.
We are a totally new type of borrowing option for small businesses, designed to provide less expensive, more available loans that also market your business. We work by bringing a large number individual lenders in to support your loan (each loan is $2,000-$10,000). In addition to paying interest, borrowers also provide a "perk" (like 10% off) to lenders, which encourages lenders to become customers and support the cashflow of the business.
We will be opening to allow lenders within the next few weeks. While we are starting with just NY-based companies we are accepting applications from businesses throughout the US.
Happy to answer any questions here or at alex[at]fundingcommunity.com! (as an added bonus, if you apply in the next week and email me that you saw this post I will waive our fees for your loan)
: Where individuals lend to businesses.
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